Elmwood Park, New Jersey Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Elmwood Park, New Jersey rental market.
Elmwood Park, New Jersey
Average Apartment Rent
$2,461
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of May 2026
Compared to a year ago, Elmwood Park, New Jersey apartments have recorded a Infinity% rent increase.
Elmwood Park, New Jersey Average apartment rent trend
Elmwood Park, New Jersey Average Apartment Rent
Elmwood Park, New Jersey Apartment rent ranges
At 52.13%, apartments priced $2,000 - $2,500 represent the bulk of Elmwood Park, New Jersey rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 9.06%.
Elmwood Park, New Jersey Housing tenure**
Renters take up 46% of Elmwood Park, New Jersey real estate, occupying a total of 3,328 units, while homeowners live in 3,892 properties.
Median number of rooms of renter-occupied housing units**
4.8
Renter median household income**
$68,486
Average household size of renter-occupied housing units**
3.01
Rental vacancy rate**
1.6%
Elmwood Park, New Jersey Renter-occupied housing units by no. of bedrooms**
There are 1,365 rentals in Elmwood Park, New Jersey with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 34 units. Overall, the median number of rooms in Elmwood Park, New Jersey homes for rent is 4.8.
Elmwood Park, New Jersey Renter-occupied units by age of householder**
Most condos for rent in Elmwood Park, New Jersey are occupied by residents in the 45 - 54 years age group (23%), followed by those in the 25 - 34 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.
Elmwood Park, New Jersey Renter-occupied housing units by family type**
Elmwood Park, New Jersey Renter-occupied housing units by the presence of own children**
A total of 2,453 apartments for rent in Elmwood Park, New Jersey, or 74% of all rentals are family households. Additionally, 46% of rental homes include children under the age of 18 – that’s 1,546 units. All in all, the median size of a renter-occupied household in Elmwood Park, New Jersey is 3.01.
Elmwood Park, New Jersey Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 31% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Elmwood Park, New Jersey.
Elmwood Park, New Jersey Renter-occupied units by year structure built**
The highest share of Elmwood Park, New Jersey apartment rentals, namely 26% or 879 units, were Built 1950 - 1959, followed by those Built 1960 - 1969 (19%, 635 units), and the ones Built 1939 or earlier (12%, 385 units).
Elmwood Park, New Jersey Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Elmwood Park, New Jersey renters (49%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Elmwood Park, New Jersey condos for rent is 2015.
Elmwood Park, New Jersey Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Elmwood Park, New Jersey renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 14% have No vehicle available.
Elmwood Park, New Jersey Means of transportation to work of householders living in renter-occupied housing units**
Elmwood Park, New Jersey Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Elmwood Park, New Jersey apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
